The early August Macro Oils Monthly report shows that oil prices weakened in July as the global oil industry was pressed to absorb another implied stock build for Q3 2016. We expect some recovery during Q4 2016 to move just above $50 per barrel.
The new monthly report on the short term oil market presents our forecast for Brent, WTI, LLS and Dubai; oil demand and supply in slide pack format with a related data download.
This report includes 3 file(s)
Global macro oil short term outlook early August 2016.pdf PDF - 2.23 MB
3 August 2016 data.xls XLS - 974.00 KB
3 August 2016 prices.xls XLS - 270.00 KB
The oil industry is one of the largest in the world, with high revenues and costs, and major investments that have long lead times. The short-term outlook captures key industry developments, the impact of events and geopolitical influences on oil prices.
This Oil Markets Short Term Outlook report provides detailed fundamentals of supply and demand.
Crude oil investors can use this report to make short-term tactical decisions and assess the behaviour of industry players and governments.
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Commodity market report | Aug 2016
Global macro oils short-term outlook: early August 2016
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